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thefinalbear

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Everything posted by thefinalbear

  1. haha - its what the French did all those years ago.......
  2. Unless you count the huge, unfunded pensions defecit. In which case the nations young will be bonded like salves in order to pay for the decedent excess of the 60's generation. Thank god for globalisation......and the 'huge international labour market eager to attract scarce skilled workers2 - I bet their tax rates are less too!!
  3. I re-read a bit of Kipling today: The Gods of the Copybook Headings 1919 Rudyard Kipling As I pass through my incarnations in every age and race, I make my proper prostrations to the Gods of the Market-Place. Peering through reverent fingers I watch them flourish and fall, And the Gods of the Copybook Headings, I notice, outlast them all. We were living in trees when they met us. They showed us each in turn That Water would certainly wet us, as Fire would certainly burn: But we found them lacking in Uplift, Vision and Breadth of Mind, So we left them to teach the Gorillas while we f
  4. This video says it better: http://video.google.com/videoplay?docid=-9...51279&hl=en
  5. Whatever Goldman Sacs may say...........gold won't be down for long. Get busy buying now or get busy tryng when it doubles in price.
  6. Economic theory will not be taught in schools. Can't have the bottom of the pyramid questioning the very foundations can we? http://financialsense.com/fsu/editorials/i.../2008/0710.html New Keynesianism sounds a lot like fraud to me.
  7. Weird isn't it? Pundits from both sides of governemnt, MEP's, the press, business leaders, the Bank Of England have all been lining up to repeat the same mantra. "Please don't raise wages......it will only lead to more inflation." they all say in unison....almost as if they were all reading from the same pre-perpared statement. This is kind of forgetting the fact that the inflation that we are all feeling now when we buy food, fuel, beers etc. was casued by the credit creation that was made possible by the house price boom. Unless they want everyone to default on their loans en mass (which
  8. Interesting posts.......it won't be lnog before all these students who have been lumbered with lifetime debts vote to either migate them via a tax credit or have them written off altogether. A few years hence I think. But this will happen. In general the governemnt has been able to seriously increase the tax burden on the young. They can't get away with this much longer.
  9. Not quite sure what you are trying to say with the De La Rue article.......
  10. Need to keep the money in the system.........can't let it drain away as cash withdrawals.......cant lend it out then can you?.....best just to let the lines at cash machines increase so as to remind people to use their debit card or better yet their credit card. If only there was a law that outlawed cash sighed the banker.....then we couldnt have a run........cause all the money would belong to us......
  11. If we tell the people that inflation will be low or if we change the way it is calculated then there is no inflation.........and like magic the problem goes away.
  12. Unfrtunataly the The Times became a tabloid in both the literal and abstract sense a while ago. It pains me to read it now.
  13. Today if you were reading the news you may have noticed the following type of stories (they are everywhere). The central theme is that employees don't care about their pay. they care about touchy feely stuff like 'happiness' and 'job satisfaction'. I can confirm that this news is being delivered by one of the shadiest PR firms in the country, and is designed to keep wage increases at bay. Most of the articles are aimed at the management/director level although there are some that are designed to be read by the general sheep. What do you think? Personally I know that I have the same level of
  14. and if the viewers believe that they'll believe anything........
  15. What I want to know is: How did the police get probale cause to raid 1000's of safe depoit boxes.........? http://www.telegraph.co.uk/news/uknews/206...h-and-guns.html What happened to presumed innocent?
  16. Don't worry....thanks to the miracle that is GMT, London is the only place where you can trade the US and Asian markets in an English speaking environment in the same working day........its not done yet.
  17. Personally I think the anger stage will be quite interesting.........
  18. Oh.....we have so not started the awakening yet.......not even a little bit. Its going to be more ugly than you can imagine. Most people are on stage 1 (although I would ay that most posters on HPC moved to stage 5 a while ago.) 1. Denial: * Example - "I feel fine."; "This can't be happening." 2. Anger: * Example - "Why me? It's not fair!" "NO! NO! How can you accept this!" 3. Bargaining: * Example - "Just let me live to see my children graduate."; "I'll do anything, can't you stretch it out? A few more years." 4. Depression: * Example - "I'm so sad, why bother wi
  19. This just in (sorry if its been posted beofre).....a little background Think (part of AXA) have been flogging very expensive mortgages to people with less than perfect credit history without taking any due care and attention to ensure that they were suitable........despite a record fine the FSA refuses to uses the majic words - misselling - prefering the more subdued 'serious failings' The bottom line is...............this firm did not keep proper records........so cannot now prove that its mortgage advice was fair (it more than likely was not)........but because it did not follow the most ba
  20. Well........since you asked...... http://www.steorn.com/Default.aspx
  21. an asset......yes......as long as the interest is paid and the value of the security holds. And excuse my spelling :-)
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